Eldorado Gold Q2 Adj $0.33 Beats $0.26 Estimate, Sales $297.14M Miss $309.69M Estimate
Portfolio Pulse from Benzinga Newsdesk
Eldorado Gold (NYSE:EGO) reported Q2 earnings of $0.33 per share, beating the analyst estimate of $0.26. However, sales of $297.14 million missed the $309.69 million estimate. Earnings increased by 266.67% year-over-year, while sales grew by 29.27%.
July 25, 2024 | 9:06 pm
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Eldorado Gold's Q2 earnings per share of $0.33 beat estimates by 26.92%, showing strong profitability. However, sales of $297.14 million missed expectations by 4.05%, which may concern investors. Despite the sales miss, the significant year-over-year growth in both earnings and sales is a positive indicator.
The strong earnings beat and significant year-over-year growth in both earnings and sales are positive indicators for Eldorado Gold. However, the sales miss may temper some of the enthusiasm. Overall, the positive earnings surprise is likely to have a more substantial impact on the stock price in the short term.
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IMPORTANCE 80
RELEVANCE 100